Print Calculator Question 1 of 6 Map pling The graph below contains several of S

Question

Print Calculator Question 1 of 6 Map pling The graph below contains several of Salvador's indifference curves and consumption bundles (points A through F) for shirts and pants. Based on the information provided in the graph, rank each indifference curve in order from most preferred to least preferred and answer the multiple choice question. Most Preferred Least Preferred ICA IC3 IC4 IC5 IC1 IC2 Which two points on the graph does Salvador prefer equally? IC2 O B and E Quantity of pants O D and E O C and F O A and B Hint O Previous Give Up & View Solution Check Answer Next Ext

Explanation / Answer

The higher the curve, the more preferred it is.

Thus, the order is

IC5
IC4
IC3
IC2
IC1

2 points on the same curve will have same preference. D and E are the only 2 points on the same curve. Thus correct choice is ii. D and E

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.